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Author Question: If marginal cost exceeds average variable cost, then ________ cost is ________ as output increases. ... (Read 140 times)

nenivikky

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on: Jun 29, 2018
If marginal cost exceeds average variable cost, then ________ cost is ________ as output increases.
 
  A) average total; at a maximum
  B) average total; falling
  C) average variable; rising
  D) average fixed; at a maximum

Question 2

Buying a monopoly from the existing owner does not ensure an economic profit because
 
  A) the market for monopolies is a monopoly.
  B) competition among buyers drives up the cost of buying the firm.
  C) profits equal zero in the long run anyway.
  D) of the deadweight loss triangle.


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nital

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


nenivikky

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Reply 2 on: Jun 29, 2018
Excellent

irishcancer18

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Reply 3 on: Yesterday
Wow, this really help

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